Business plan figura

Do some research into what prices you may need to pay. Remember that as a new business, you may be charged a higher amount than more established companies. Buying in bulk can lower costs, but you need the cash to be able to do this and it ties up your money in stock.

Some business plans contain figures that are clearly unachievable. If you’ve watched Dragons’ Den you’ll see that this can be a common scenario. Most entrepreneurs are optimistic people, so they can get carried away with their numbers.

They're based on the three main accounting statements: The profit or loss, also called income, statement shows sales, cost of sales, operating expenses, interest and taxes. The statement shows performance over some specific time period, like a month, a year or a quarter.

​In reality there is no standard format for the presentation of a good business plan. Business plans vary in content and size according to the nature and size of the business concerned and on the emphasis that is placed on certain critical areas as opposed to others.